Krishca Strapping Solutions Approves 2026 Financial Results and Appoints New Cost Auditor
Krishca Strapping Solutions Limited held a Board of Directors meeting on May 30, 2026. During the meeting, the Board approved and considered the audited financial statements and results for the financial year ended March 31, 2026, alongside the appointment of a new Cost Auditor for the upcoming financial year.The company also reviewed the utilization of proceeds from the Preferential Issue of Convertible Warrants for the quarter and year ended March 31, 2026, noting that there was no deviation or variation in the use of public issue proceeds.
Financial Reporting and Governance Updates
The Board meeting included the approval of several key documents, including:- The Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended March 31, 2026.
- The Audited Financial Results (Standalone and Consolidated) for the half year and year ended March 31, 2026.
- The Board's Report for the year ended March 31, 2026.
- The appointment and fixing of remuneration for M/s N. Sivashankaran & Co., Cost Accountant, as the Cost Auditor for the financial year 2026-27.
Consolidated Financial Performance
The consolidated financial results show the company's total income and expenses for the half and full years. The figures for the year ended March 31, 2026, were:| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited) |
|---|---|---|
| Total Income | 14,247.03 | 15,108.37 |
| Total Expenses | 13,503.33 | 13,525.13 |
| Profit before tax | 743.70 | 1,583.24 |
For the half year ended March 31, 2026:
| Particulars | 30 September 2025 (Unaudited) | 31 March 2025 (Audited) | 31 March 2026 (Audited) |
|---|---|---|---|
| Total Income | 9,277.67 | 8,724.31 | 23,524.70 |
| Total Expenses | 8,431.96 | 7,873.74 | 21,935.29 |
Balance Sheet Summaries (₹ in Lakhs)
The audited balance sheets reflect the company's financial position as of March 31 for both years.Standalone Statement of Assets and Liabilities
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| I. EQUITY AND LIABILITIES | ||
| Share Capital | 1,489.00 | 1,419.00 |
| Reserves and Surplus | 11,160.25 | 8,380.42 |
| Money received against share warrants | - | 466.00 |
| Long-Term Borrowings | 4,465.35 | 354.25 |
| Short-Term Borrowings | 3,384.24 | 2,953.88 |
| Trade Payables (Total) | 6,080.30 | 834.19 |
| Other Current Liabilities | 2,305.50 | 1,126.50 |
| TOTAL | 27,154.86 | 16,029.82 |
Consolidated Statement of Assets and Liabilities
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Share Capital | 1,489.00 | 1,419.00 |
| Reserves and Surplus | 11,128.17 | 8,366.72 |
| Long-Term Borrowings | 4,465.35 | 383.00 |
| Short-Term Borrowings | 3,389.64 | 2,968.51 |
| Trade Payables (Total) | 6,080.30 | 834.19 |
| Other Current Liabilities | 2,307.59 | 1,126.96 |
| TOTAL | 27,125.07 | 16,030.89 |
Cash Flow Analysis
The company reported significant cash generation across its operations, as detailed in the consolidated cash flow statement.Consolidated Statement of Cash Flows (₹ in Lakhs)
| Particulars | Audited As at March 31, 2026 | Audited 31,2025 |
|---|---|---|
| NET CASH FROM OPERATING ACTIVITES (A) | 4,456.64 | -2,064.53 |
| NET CASH USED IN INVESTING ACTIVITIES (B) | -9,235.86 | -4,197.09 |
| NET CASH USED IN FINANCING ACTIVITIES (C) | -5,124.86 | -6,248.79 |
| NET INCREASE IN CASH AND CASH EQUIVALENT (A+B+C) | 342.57 | -13.26 |
Capital Expenditure and Warrant Utilization
Regarding capital deployment, the company utilized the entire allotted amount for the Preferential Issue of Convertible Warrants for the year ended March 31, 2026.| Objective | Amount Allotted | Amount Utilized till March 31, 2026 | Deviation |
|---|---|---|---|
| Expansion of manufacturing facilities and working capital requirements | 11,49,25,037 | 11,49,25,037 | NIL |
KRISHCA Stock Price Movement
On Friday, Krishca Strapping Solutions Limited shares settled higher, closing at ₹183.45, an advance of ₹2.75 or 1.52% for the day. The stock saw robust trading, closing out near the upper end of its range, supported by a total volume of 71,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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